Brazil Minerals CEO to advise U.S. presidential candidate

Brazil Minerals Inc. CEO Marc Fogassa joined an advisory committee of a 2016 U.S presidential candidate Oct. 12.

And while the company did not name which candidate Fogassa is advising, he was selected to offer his expertise on U.S.-Brazil relations and supports expanded open trade between the two countries with less bureaucracy.

Fogassa is not being paid for his contributions.

Brazil Minerals also announced that they are constructing a three-mile-long road that connects its diamond plant to another mining area.

The company reports that it is half finished with the project and has recently shared that it has no plans to conduct a reverse split of its common stock.